The SNP has claimed families across Scotland are “feeling the pain” after the Chancellor’s spring statement, pointing to downgraded growth forecasts, rising unemployment and continued pressure on household bills.
The criticism follows confirmation from the Office for Budget Responsibility that UK economic growth for 2026 has been downgraded to 1.1%.
Unemployment is now at a five year high, with forecasts suggesting it could rise further to 5.3%.
The SNP argues that changes to National Insurance and wider UK Government policies are adding to business costs and filtering through to households.
Energy bills are also expected to remain almost £400 higher from April than previously promised, while inflation has risen from 2% to 3% since the election.
Petrol and gas prices are also under pressure, raising concerns that the cost of living could increase further in the months ahead.
SNP Economy spokesperson Dave Doogan MP said:
“Families are paying the price for Labour Party failure as the cost of living soars, the UK economy is downgraded and unemployment rises to a five-year high under Rachel Reeves.
“People will continue to feel the pain in the months ahead with energy bills almost £400 higher than promised, the price of petrol soaring, food prices through the roof and inflation up 50% since the Labour Party came to power.
“The Chancellor is completely out of touch if she thinks that’s something to celebrate.
“Brexit Britain has become even more broken under the Labour Party, which has engulfed the UK in constant chaos and broken promises.
“It shows why it’s vital to vote SNP on 7th May to protect Scotland from Labour Party chaos and cuts, prioritise the NHS and cost of living, and secure a fresh start with independence.”
The spring statement has reignited political debate over who carries responsibility for rising costs and slower growth.
With a general election approaching, the economy is once again front and centre.
